OCBC
Get up to S$160 monthly cashback, exclusive fuel savings, and a complimentary luggage gift. Low income requirements. Local & overseas spend rewarded.
The OCBC 365 Credit Card is crafted for Singapore residents seeking real cashback on their daily spending. Cardholders can enjoy up to S$160 cashback monthly, including attractive rates like 5% cashback on dining and food delivery, 6% on fuel, and 3% on groceries, streaming, Watsons purchases, EV charging, and more. For Singaporeans and PRs aged 21–54, an annual income of at least S$30,000 is required. Those above 55 only need S$15,000, while foreigners qualify from S$45,000 per year. Principal annual fee is S$196.20 but waived for the first two years, making it accessible for a wide audience.
How to Apply for the OCBC 365 Credit Card
- Check if you meet the age and income requirements.
- Prepare supporting documents (NRIC, income statements, etc).
- Apply online via OCBC’s portal or visit any OCBC branch.
- Submit necessary details and documents as prompted.
- Wait for approval, which typically takes a few working days.
Benefits and Pros
One of the top advantages of the OCBC 365 Credit Card is its comprehensive cashback categories—spanning fuel, dining, groceries, transport, utilities, and even streaming services. You can earn substantial monthly rewards across a broad range of everyday expenses.
The card also features exclusive petrol deals at Caltex, Esso, and Sinopec, enabling savings of up to 29.5% on fuel. For a limited time, new cardholders receive a complimentary Delsey luggage and Disney packing cubes upon a qualifying spend—an appealing welcome gift.
Drawbacks and Cons
On the downside, to maximise cashback, you must spend at least S$800 monthly to qualify for the higher rates. This spending requirement may not suit all users, particularly those with lower monthly expenses.
Moreover, the cashback is capped at S$160 per month, and certain transactions—like payments for taxes, bill pay services, and annual fees—do not qualify for rewards. Some may also find the annual fee, though waived for two years, on the higher side if not spending enough to qualify for a full waiver.
Final Verdict
The OCBC 365 Credit Card stands out for its practical everyday cashback and generous welcome gifts for new applicants. With flexible eligibility criteria and premium petrol discounts, it’s ideal for Singaporeans who regularly spend across multiple categories. Provided you can meet the minimum monthly spend, this card delivers substantial value every month.
